BroadChain learned that at 10:02 on April 26, data shows that the open interest of the BlackRock Bitcoin ETF (IBIT) options reached $27.61 billion, surpassing Deribit's $26.9 billion for the first time. IBIT, which has been online for only two years, has caught up with the offshore platform that has been operating for nearly a decade, reflecting the accelerating adoption of compliant crypto derivatives in the United States. IBIT focuses on compliant trading channels for U.S. stocks, primarily with long-term contracts, indicating stronger bullish expectations;
Deribit, on the other hand, emphasizes short-term tactical positions for global professional traders. Institutions and retail investors use IBIT's compliant options for hedging and leverage operations, coupled with macroeconomic uncertainty stimulating hedging demand, driving the continuous expansion of market scale. Industry insiders point out that the compliant crypto infrastructure in the U.S. has now matched the offshore market, attracting more Wall Street funds and accelerating the mainstreaming of Bitcoin and the formation of a mature pricing system.